My guess is that Intel GPUs going away completely is very unlikely. The reasoning being that they will need GPU IP for laptops and desktop iGPUs. Also they need cards for data center applications. I think the more likely risk is they scale back to only a couple consumer dedicated cards targeting a price they can sell in large numbers. So they don’t increase competition, but fill a gap at the low end that AMD and Nvidia mostly ignore. Not the worst thing, but I think we all want them to have more success than that.